EBIT margin of 11.4% compared with 17.5% in FY22 - all the talk of a short-term hit to margins with additional marketing spend appears to be turning into long-term spend and no margin uplift. What happened to "a pathway to EBIT margins of 20%"?
As the trajectory appears to be slowing there is less and less communication from management
Assuming no growth in EBIT margins and a payout of around 80% dividends in FY23 should total around $0.60 unless Laurence wants to hoard cash
